I never spend coins on real life and the main reason is because i dont like to spend coins only inveting my coins because that would make sense buying things with is is not good.
Well that kind of ruins the point of Bitcoin. I feel that Bitcoin was created to replace fiat, but if people don't spend any of it, then the whole point of Bitcoin is taken away. I think as well that bitcoin is supposed to be a payment system, and should be used as such. Investing coins on the other hand makes no sense to me. If somebody has the talent of trading with profit, ok. But all those so called investments for bitcoins they usually end up to be a scam. Anyhow, if it has to be an investment, consider bitcoin to be the investment.
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Both have their advantages. It's hard to carry a few millions worth in gold around, but with bitcoins that is easily possible. On the other hand, gold is a desired thing for s few thousand years now while bitcoins whole existance has not passed a decade. In general bitcoin is the more risky thing but with the bigger earning options. It can multiply its price, or maybe turn out to be completely worthless in two years, that nobody knows. Gold will always be worth something, that has proven history. It's up to the investor if he wants to play it safe, or take a little risk.
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I have been with bitcoin for about two years now, and it still makes fun. Have learned a lot about the technology and if I am not mistaken, I am one of the first in my region who has some knowledege about crypto currencies. I hope that some day I'm going to be able to turn that knowledge into a little bit of profit.
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Is anybody from the yobit signature campaign users experiencing problems with the post count? I wrote a few posts yesterday, but only one shows up at the statistics of the signature campaign at yobit.
You post in section of forum which are not counted,this thread for example,Off-topic,Politics & Society and Local. My Posts were mainly in the bitcoin discussion section. The first one from yesterday seems to have counted, the others not.
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Is anybody from the yobit signature campaign users experiencing problems with the post count? I wrote a few posts yesterday, but only one shows up at the statistics of the signature campaign at yobit.
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I am wondering if not the males could be the problem. Just being too pushy in order to get the girlfriend or wife into bitcoins. So ignoring of what he says is her way of pushing back. I know from experience that we guys sometimes don't have the needed sensitivity.
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I usually make a transaction and that is it. I don't wait for it to be confirmed. When the recipient does not get my coins he always has a way to contact me. But since that never happened I suppose it all came through in time. My transactions are never that urgent that I would need them be done in a couple of minutes.
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To me it is definitely worth it. I have a payment option that is anonymous enough for what I want to use it. I got a signature campaign that allows me to get a few extra cents. And the fact that everything I write here is in English helps me to improve my language skills. Alone the last point makes it totally worth for me to have joined the bitcoin community.
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100 $ is not really much to start with. The only thing that comes into my mind with that amount is trading at exchanges. But when you go trading you have to keep in mind that there is always a transaction fee for every buy and sell action. You have to bet on the right horses and you need a little luck as well that the exchange does not get hacked while your money is on it. So good luck from my side.
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Since banks do not provide much interests anymore, I have redisputed a good part of my investments from the bank into the stock market. I'm not sure if it is a good time for that, but if I leave the money in the bank and the interests are at zero, I actually lose money cause one dollar today will not buy as much than one dollar tomorrow. At the stock market I can lose money, but I can make some profit as well. I prefere that option to the loss for sure at the bank account.
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In my early times I did some faucet typing. I used a seperate computer for that without any flash on it. I think it was a wise choice. After I quit faucets the computer fas set up new and is now my experimetal machine. For programming and whatever comes in my mind. My main computer is for everything that involves data about me. Managing bank account, ebay and so on.
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I'm using bitcoin to buy non physical goods. Like accounts of one click hosters or domains. A part of my bitcoins are investment, but not many. I try to use it for online payments as often as I can because that is what I think bitcoin is for. If they are just locked away on some cold storage wallet, they do not help to keep the system of money flow intact.
I was told that it is not worth buying bitcoin in order to just wait when the price cryptocurrency rise to maximum heights. But I think that this is a bad option. Nobody really knows the future. Some say bitcoin will be worth thousends of dollars in a few years, others say the price will not change much. I think a small number of coins as an investment would not be a bad decision, if somebody is abel to do that. But in general I believe there are less risky ways to invest money. And bitcoin itself was ment to be a payment system, so that is what it should be primarily used for.
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Got my first bitcoins to buy some online stuff that I did not want to show up at my credit card bill. Then I realized it can be used for many other purchases, as a form if investment and for trading. Now I do all that stuff and even try to understand the technical stuff behind it. I must say it makes fun!
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I'm using bitcoin to buy non physical goods. Like accounts of one click hosters or domains. A part of my bitcoins are investment, but not many. I try to use it for online payments as often as I can because that is what I think bitcoin is for. If they are just locked away on some cold storage wallet, they do not help to keep the system of money flow intact.
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To me the best way of a steady income is still a solid job. Eight hours a day with an average payment, that is normally enough to make a decent living. At least where I live. Of cours there is no way of getting rich by doing so. But you have everything that is really necessary, maybe even a few things that are not. The trick is a certain amount of selfcontrole, to avoid expenses you do not need.
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I do not own that many bitcoins, so I could life with it. Of course I would be angry. Then I hade to analize why my coins are gone. If it would be because of some stupid mistake I made, I would have learned my lesson. I would not quit, just replace the coins I lost and keep on working with bitcoin. But when the loss is unexplainable to me and it could happen again, I doubt I would keep going on with bitcoins.
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I think the chances are high that this is going to happen some day. Not in the next five years, I'm relatively sure of that. But there are some weaknesses in bitcoin where I do not think they will be solved in an appropriate way. So I assume there will be another currency not having those problems from the beginning.
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In the future, more and more online transactions using bitcoin as more and more online merchants can accept bitcoin payments but until whenever, can never replace the original money because the value of bitcoin is also based on the value of real money.
How is the value of Bitcoin based on the value of real money? Isn't the value based on the demand of Bitcoin? And I really think it can replace fiat currency, maybe not in the near future, but in the long term it certainly can. That is exactly the thing that concernes me a little bit. The value of bitcoin is based on the fact that people want it. But we have seen that what people want changes over time. I can imagine that somewhere in the future paper money is gone, but fiat itself is converted into an advanced version of a crypto currency. Decentralized, known by everybody and partly backed up with gold. I wonder how many people would want to have a bitcoin then.
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Megaupload being a site offering something that goes against the laws of some countries would be a perfect mix with something as anonymous and secure as bitcoin, I think they would be a good mix in both aspects, these being buying subscriptions and at the same time having links attached to a BTC transaction therefore keeping it for long term.
Good assessment mate i think that explanation would open some mind here making this opportunity for both system will be a perfect combo megaupload risng again plus bitcoin having more adoption all over the web. Looking for the success here. still i have some bad felling about this it is good concept but dont think it will be that easy it might be much more after launch that if will come to good/perfect condition so i think it will be lot latter maybe it will be testing phase at start and after some time it will be like it should for uploading and sharing some small amount will get users for it I have some doubts as well. When bitcoin is used as the main payment method for something everybody knows to be illegal, that gives me a bad feeling. I think that the main market for this new megaupload would be Us and Europe. I can imagine that the officials there will put up some efforts to stop the new Dotcom service. And the best way to stop a business would be to cut its financial base, which would be bitcoin in this matter. Who knows with what ideas the governments would come up to reach that goal. Might be just bad for dotcom, might be bad for bitcoin as well.
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It would be a question of why it dropped. If the bitcoin generating process would have been actually hacked, I think I would retire from bitcoin becaus it will never again be worth anything. If only a few exchanges got hacked, bitcoin itself would be intact and the drop would be a panic reaction. Such a situation would be an opportunity for me to buy cheap and hold until the next increase that will surely come.
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